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Cyprus is the canary in the mineshaft, economic collapse ahead (video)

 
KoFFee_
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03/17/2013 10:29 AM
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Cyprus is the canary in the mineshaft, economic collapse ahead (video)
"Fiat currencies last for about 40 years; the fiat dollar has so far lasted 41 years.
Far too much currency has been loaned into existence, it can never be paid back, we past the tipping point many years ago."


Watch video here:

[link to www.youtube.com]

Last Edited by KoFFee_ on 03/17/2013 10:29 AM
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Anonymous Coward
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03/17/2013 10:32 AM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
I foresee a run on all banks in the economically troubled EU nations. If Cyprus is first whose next, Greece, Italy, Spain..?

Once people fear the banks are an agent of the EU they will no longer put their money in EU banks.
G3
G3

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03/17/2013 10:51 AM

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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
"Fiat currencies last for about 40 years; the fiat dollar has so far lasted 41 years.
Far too much currency has been loaned into existence, it can never be paid back, we past the tipping point many years ago."


Watch video here:


 Quoting: KoFFee_



and. . .

[link to www.youtube.com]

Anonymous Coward
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03/17/2013 11:22 AM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
Very sneaky of the EU, there is a public holiday in Cyprus tomorrow, so all the banks are closed.
They waited until a long weekend to bring in all these measures, to give them time to prepare for a run on the banks.
They knew they were in trouble long before this weekend.
Very underhanded indeed.
KoFFee_ (OP)

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03/17/2013 11:25 AM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
"Fiat currencies last for about 40 years; the fiat dollar has so far lasted 41 years.
Far too much currency has been loaned into existence, it can never be paid back, we past the tipping point many years ago."


Watch video here:


 Quoting: KoFFee_



and. . .

[link to www.youtube.com]


 Quoting: G3


Thanks for posting the video.

I've bookmarked the movie, "Rollover", to watch it later on this evening.
hf
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
KoFFee_ (OP)

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03/17/2013 11:29 AM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
I foresee a run on all banks in the economically troubled EU nations. If Cyprus is first whose next, Greece, Italy, Spain..?

Once people fear the banks are an agent of the EU they will no longer put their money in EU banks.
 Quoting: Anonymous Coward 7023292



[link to www.youtube.com]

Last Edited by KoFFee_ on 03/17/2013 04:06 PM
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
KoFFee_ (OP)

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03/17/2013 11:39 AM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
"It is critical that we pay attention."


EUROZONE SEIZES TEN PERCENT OF ALL BANK ACCOUNTS


Listen here:

[link to www.youtube.com]
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Anonymous Coward
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03/17/2013 11:48 AM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
KoFFee_ (OP)

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03/17/2013 12:17 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)

 Quoting: Anonymous Coward 35172780


Hmmmm, wonder how all this news will affect how people view their money sitting in banks here,
in this unstable country, which owes a growing debt that can never be paid.
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
KoFFee_ (OP)

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03/17/2013 12:22 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
For Everyone Shocked By What Just Happened... And Why This Is Just The Beginning

Today, lots of people woke up in shock and horror to what happened in Cyprus: a forced capital reallocation mandated by political elites under the guise of an "equity investment" in insolvent banks, which is really code for a "coercive, mandatory wealth tax."

If less concerned about political correctness, one could say that what just happened was daylight robbery from savers to banks and the status quo.

These same people may be even more shocked to learn that today's Cypriot "resolution" is merely the first of many such coercive interventions into personal wealth, first in Europe, and then everywhere else.

For the benefit of those people, we wish to point them to our article from September 2011, "The "Muddle Through" Has Failed: BCG Says "There May Be Only Painful Ways Out Of The Crisis"

Read it here:
[link to www.zerohedge.com]
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Anonymous Coward
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03/17/2013 12:32 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
I foresee a run on all banks in the economically troubled EU nations. If Cyprus is first whose next, Greece, Italy, Spain..?

Once people fear the banks are an agent of the EU they will no longer put their money in EU banks.
 Quoting: Anonymous Coward 7023292


Exactly. Whatever happens now, even if the authorities recede from this threat, people will now know that they can't trust banks/government with their money.

Just last week I was telling my mother and my step-father (who has a substantial investment portfolio and savings) that their money was not safe because, as the public finances ran dry, the government would start grabbing money from people's accounts and pensions etc. They didn't believe me, said I was being 'alarmist and silly'.

Cyprus really is the canary in the mineshaft. After all, now the authorities have done this and a precedent is set, surely they will try the same tactic with all future financial interventions. Spain, Italy, Portugal, Greece, Ireland......
Anonymous Coward
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03/17/2013 12:38 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
Very sneaky of the EU, there is a public holiday in Cyprus tomorrow, so all the banks are closed.
They waited until a long weekend to bring in all these measures, to give them time to prepare for a run on the banks.
They knew they were in trouble long before this weekend.
Very underhanded indeed.
 Quoting: Anonymous Coward 36355797


Interesting fact about Cyprus that may have a relevance here: Cyprus is, per square mile, the most heavily militarised nation on the planet. Due to the long-running division of the island the republic of Cyprus maintains a very strong national guard defence force. Most able bodied males have military training, know how to use an assault rifle, and know where they are kept.

If the banks and government think the Cypriots will just say 'OK' to this then they have another thing coming. I predict that it won't just be civilians lining up outside the banks, but rather uniformed and armed Cypriot National Guard troops staging a coup.

The first duty of any military is to protect the people. This is the time for the Cypriot (and Greek, and Spanish) armed forces to stand up and show the banksters and political elite who is really in charge. Get the nooses ready.
KoFFee_ (OP)

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03/17/2013 12:45 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
I foresee a run on all banks in the economically troubled EU nations. If Cyprus is first whose next, Greece, Italy, Spain..?

Once people fear the banks are an agent of the EU they will no longer put their money in EU banks.
 Quoting: Anonymous Coward 7023292


Exactly. Whatever happens now, even if the authorities recede from this threat, people will now know that they can't trust banks/government with their money.

Just last week I was telling my mother and my step-father (who has a substantial investment portfolio and savings) that their money was not safe because, as the public finances ran dry, the government would start grabbing money from people's accounts and pensions etc. They didn't believe me, said I was being 'alarmist and silly'.

Cyprus really is the canary in the mineshaft. After all, now the authorities have done this and a precedent is set, surely they will try the same tactic with all future financial interventions. Spain, Italy, Portugal, Greece, Ireland......
 Quoting: Anonymous Coward 23992770


Has the situation in Cyprus changed your parents outlook on their finances now?

Very sneaky of the EU, there is a public holiday in Cyprus tomorrow, so all the banks are closed.
They waited until a long weekend to bring in all these measures, to give them time to prepare for a run on the banks.
They knew they were in trouble long before this weekend.
Very underhanded indeed.
 Quoting: Anonymous Coward 36355797


Interesting fact about Cyprus that may have a relevance here: Cyprus is, per square mile, the most heavily militarised nation on the planet. Due to the long-running division of the island the republic of Cyprus maintains a very strong national guard defence force. Most able bodied males have military training, know how to use an assault rifle, and know where they are kept.

If the banks and government think the Cypriots will just say 'OK' to this then they have another thing coming. I predict that it won't just be civilians lining up outside the banks, but rather uniformed and armed Cypriot National Guard troops staging a coup.

The first duty of any military is to protect the people. This is the time for the Cypriot (and Greek, and Spanish) armed forces to stand up and show the banksters and political elite who is really in charge. Get the nooses ready.
 Quoting: Anonymous Coward 23992770


I read the very same thing in an article earlier.

I know I would be pretty upset if this were to happen here.

This is outright theft from savers to pay for the irresponsibility of banksters and governments.
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Anonymous Coward
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03/17/2013 12:48 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
"Fiat currencies last for about 40 years; the fiat dollar has so far lasted 41 years.
Far too much currency has been loaned into existence, it can never be paid back, we past the tipping point many years ago."


Watch video here:

[link to www.youtube.com]
 Quoting: KoFFee_


The USD will last as long as the petro dollar is around.

If Russia or China dumps it, then the USD will die. Within days the dollar would lose its value and throw the US in total chaos and civil war. But not until then.

The only thing stopping China and Russia to do that is fear of nuclear war in the aftermath of USAs destruction.
KoFFee_ (OP)

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03/17/2013 01:11 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
How will Cyprus impact the stock market?

Cyprus Stock Market Impact

Watch video here:
[link to www.youtube.com]
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
KoFFee_ (OP)

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03/17/2013 01:23 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
Hitler Bails Out Cyprus :)

Watch here:
[link to www.youtube.com]

Last Edited by KoFFee_ on 03/17/2013 01:25 PM
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
TheBiss
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03/17/2013 01:26 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)

www.TheGrainMillWF.com - Bulk foods, long term storage solutions
www.CatawbaCoops.com - Unique A-Frame chicken coop plans
Useless Cookie Eater

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03/17/2013 01:27 PM

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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
Cyprus is the canary in the mineshaft, economic collapse ahead (video)
 Quoting: KoFFee_


Greece is just like Iceland....nothing more.
The best thing that could happen to them is for those banks to fail.
Iceland is FAR better off now for it.

.

Last Edited by Useless Cookie Eater on 03/17/2013 01:27 PM
Mystic Genie

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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)


Last Edited by Mystic Genie on 03/17/2013 01:37 PM
Anonymous Coward
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
CyPrus always knew they were staggered at least 24 months after Western Europe when it came to banks.

They'll survive, we'll all survive.
KoFFee_ (OP)

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03/17/2013 01:35 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
Cyprus is the canary in the mineshaft, economic collapse ahead (video)
 Quoting: KoFFee_


Greece is just like Iceland....nothing more.
The best thing that could happen to them is for those banks to fail.
Iceland is FAR better off now for it.

.
 Quoting: Useless Cookie Eater


Yes, they do set a good economical example to the rest of Europe, don't they?

Not only did the economical collapse allow for proper refinancing, but they also recovered there reputation.
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
SteamrolledGobias

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03/17/2013 02:06 PM

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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
well OP I learned something new today

canary in a coal mine

Etymology
An allusion to caged canaries mining workers would carry down into the tunnels with them. If dangerous gases such as methane or carbon monoxide leaked into the mine-shaft, the gases would kill the canary before killing the miners.

Noun
canary in a coal mine (plural canaries in a coal mine)

(idiomatic) Something whose sensitivity to adverse conditions makes it a useful early indicator of such conditions; something which warns of the coming of greater danger or trouble by a deterioration in its health or welfare.
 Quoting: Wiktionary


[link to en.wiktionary.org]
Anonymous Coward
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03/17/2013 02:45 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
one of the better Cyprus threads :

[link to godlikeproductions.com]

.
Once4All
The Truth Is Clear To Everyone!

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03/17/2013 03:11 PM

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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
5stars


I still have "this is it" just rolling through my spirit.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
KoFFee_ (OP)

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03/17/2013 03:24 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
well OP I learned something new today

canary in a coal mine

Etymology
An allusion to caged canaries mining workers would carry down into the tunnels with them. If dangerous gases such as methane or carbon monoxide leaked into the mine-shaft, the gases would kill the canary before killing the miners.

Noun
canary in a coal mine (plural canaries in a coal mine)

(idiomatic) Something whose sensitivity to adverse conditions makes it a useful early indicator of such conditions; something which warns of the coming of greater danger or trouble by a deterioration in its health or welfare.
 Quoting: Wiktionary


[link to en.wiktionary.org]
 Quoting: SteamrolledGobias


I took for granted that others would know what that meant,
so thank you for providing an explanation of it.

Poor little canaries.
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
KoFFee_ (OP)

User ID: 1373078
United States
03/17/2013 03:25 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
5stars


I still have "this is it" just rolling through my spirit.
 Quoting: Once4All


I'll be keeping an eye on what's going on over there in Cyprus as well as telling my uninformed, rich friends about it, too.
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Anonymous Coward
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03/17/2013 03:29 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
Are they taking only bank saving accounts? What if the people had all their money in the stock market?
Once4All
The Truth Is Clear To Everyone!

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03/17/2013 04:03 PM

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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
5stars


I still have "this is it" just rolling through my spirit.
 Quoting: Once4All


I'll be keeping an eye on what's going on over there in Cyprus as well as telling my uninformed, rich friends about it, too.
 Quoting: KoFFee_


This should rattle EVERYBODY! Not a word about it on NBC

news. It looked like more and more propaganda to me...

except the first story.
John 11:35 Jesus wept.

[link to www.savemenowjesus.com]

Have you given good points today?

EVERYONE who calls upon the LORD JESUS will be saved! [Romans 10:13]


Jesus Christ will return as King of all kings and Lord of all lords. hf
KoFFee_ (OP)

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03/17/2013 04:08 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
I foresee a run on all banks in the economically troubled EU nations. If Cyprus is first whose next, Greece, Italy, Spain..?

Once people fear the banks are an agent of the EU they will no longer put their money in EU banks.
 Quoting: Anonymous Coward 7023292


[link to www.youtube.com]
 Quoting: KoFFee_


Wow! Tried to view this says its been blocked!
 Quoting: GT500


You can view it by clicking on the link.
However, I consider my life worth nothing to me; my only aim is to finish the race and complete the task
the Lord Jesus has given me—the task of testifying to the good news of God’s grace. Acts 20:24

"This man really is the Savior of the world!" John 4:42

Look, he is coming with the clouds, and every eye will see him, even those who pierced him;
and all the peoples of the earth will mourn because of him. So shall it be! Amen.
I am the Alpha and the Omega, " says the Lord God, who is, and who was, and who is to come, the Almighty." Revelation 1:7

I do not own the rights to any video posted, they are for educational/entertainment purposes only.
Anonymous Coward
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03/17/2013 04:53 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
wasnt Greece also the canary in the mineshaft? and Spain? and Italy? yet Cyprus is 1/50th of their GDP with only 1 million people. calm down
Anonymous Coward
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03/17/2013 04:58 PM
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Re: Cyprus is the canary in the mineshaft, economic collapse ahead (video)
Economic Collapse On The Way 06/18/2005


Thread: Economic Collapse On The Way



jerkit